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20121129
20121207
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Search Results 0 to 20 of about 21 (some duplicates have been removed)
businesses want it. i think that's one thing i got from president obama's meeting with the business round table yesterday. and so they might be saying if you're going to raise taxes, let's just go all the way. republicans are only going to agree to tax increases if they offer spending cuts and i mean i don't know how you define the grand bargain but, you know, in my view, because they haven't done a tax increase, a real, sizable tax increase in so long, since the early 1990 under president clinton, almost any significant tax increase i would say is a pretty big deal a pretty grand achievement. host: next call, george, maryland, on the democrats' line. caller: i want to ask mr. gold mar b, i notice in the -- mr. goldfarb, i notice in the president's discussion, he included extenders. what are those? guest: forget what i was saying about the 15-year depreciation -- 15-year and 39 year, instant depreciation allows businesses to take de-- bonus depreciation allows businesses to take depreciation immediatery, it can be 50% in a given year, it can be pushed up to 100%. i'm not sure whether it's
into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> after president obama was sworn into office in january 2009, he decided that his first tv interview, his first tv interrue he would give as president from the white house would not be with nbc or cbs or absentee. it would instead be with the arabic news channel. it was a week after his inauguration. >> my job to the muslim world is to communicate that americans are not your enemy. we have not been perfect. we can have disagreements but still be respectful. i did k not respect terrorist organizations. and we will hunt them down. but to the broader muslim world where we're going to be offering is a hand of friendship. >> we're going to be a hand of friendship. president obama used his first tv interview as president to address what he viewed as job one of his new administration. mending our relationship with the the muslim world. after eight years of george bush being america's face to the muslim world. that was his first interview. today barack obama gave his f
people, including small business people, standing at president obama's side saying it's good for business to give the middle class their tax breaks. what are these republicans thinking over there? if i told you, if we're having an argument, that i'll give you 98% of what you want and you walk away from me, i say you're unreasonable. who gets 98% of what they want? no one in an argument. usually meet each other halfway, 50-50. we are giving the republicans 98% of what they want on the tax cuts, but they are holding the 98% hostage for their friends, the coch brothers, sheldon adderson, the billionaires. you know, that's wrong, and we had an election about it. this is a country of, by and for the people, not of, by and for the billionaires. and i am going to say to my republican friends -- and they are my friends. i have served with them for a long time. i have worked with them. what are you thinking? what are you doing? let me tell you one of the things they offered in their package. this is outrageous. they want to raise the age of medicare by two years. i cannot tell you, madam president
obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates. >> give me an example? >> i'm not sure where the democrats are because they have not offered a plan. >> their plan is to keep the bush tax rates from 2001, 2003 forever. make them pe
and put businesses in a further hole. president barack obama, august, 2009. he was absolutely right then. those facts hold true today. it's not just those facts hold true over a small period of time, mr. speaker. those facts hold true over a decade. john kennedy's quotes, president john f. kennedy, i just want to take you back, mr. speaker, it's not as if these are new ideas we are talking about. this isn't some rocket science problem that's suddenly been thrust upon the united states of america in 2012. these are basic economics. adam smith talked about these years ago. this is in one of john f. kennedy's news conference in 1962 as he was providing the largest tax cut in modern american history he said this, he said it's a paradoxical truth that tax rates are too high and tax revenues are too low. that's where we are today, mr. speaker. tax rates are too high and tax revenues are too low. it's a paradoxical truth that can be true. he goes on. he says the soundest way to raise revenues, that's exactly what we are trying to do when we talk about balanced approach. we need to cut spending.
been a routine piece of washington business. republicans threatened to vote to force the country to default on its loans. this he were not going to raise the debt ceiling, remember. president obama responded in a prime time address to the nation. he asked the american people to get involved in that fight he was having with the republicans. he asked the american people to get involved directly. >> the american people may have voted for divided government but they didn't vote for a dysfunctional government. so i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. if you believe we can solve this problem through compromise, send that message. >> let your member of congress know. send that message said the president. the american people did. so many american people did that congressional websites and phone lines crashed after the president's speech. house phone circuits were so overwhelmed that an alert went out to members of congress that if they were expecting any really important phone calls therks s
of our nice weather. president obama is speaking to a couple of groups, today, the 2012 tribal nations conference of the department of the interior. first off, he will answer questions from members of the business round table, amid a debate over the fiscal cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it woul
a letter urging speaker boehner to take the last hexit before the cliff. neither president obama nor democrats in congress have ever been ambiguous about our proposal to provide economic security for 98% of american families and 97% of small businesses while asking the wealthiest 2% to contribute just a little more to stop this runaway debt. and now that even a dyed in the wool conservative like senator coburn of oklahoma has endorsed the democratic approach, here's what he said, "i know we have to raise revenue. i would rather see the rates go up," he said. he's been heavily involved in everything that's happened in the last several years in washington dealing with debt. when he joins in, that's really significant. it is apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle-class families wait for relief and how long will he force the financial markets to wait for u un-- wait for certainty? the longer he delays, the greater i think ris the risk to. so i urge him, don't listen to me, listen to your own caucus. listen to pru
president obama is exactly correct. now i would also say this upper income people, their business will be better if that sacrifices first at the upper level and not by taking away social security and medicare benefits that reduce demand in a society for other goods and services. there is an economic argument that i think is beginning to see more, which is essentially what the caller did, that a healthy middle class with consumer demand from a healthy middle-class is what is needed for a healthy economy and therefore benefits all. >> host: kathleen pender writes in the chronicle that there is a silver lining when it comes to the amt. what is less known is the amt has a silver lining. assuming congress passes a patch, people in amt and stay in amt will be protected from an increase in regular income tax rates that the bush era tax cuts expire. that's because they will be paying a top amt rate of 20% come at you at the top regular rate is at 30.6%. this will be true for everyone in amt. people who fall out of the amt could see their taxes go up. >> guest: i would agree, however, i gu
obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth
. >> president obama would wants debbie wasserman shuttle to stay on as the chairwoman of the dnc. she's been busy in the past year and a half politico reports that she's taken part in 885 events in 31 states. the dnc will meet to elect their party officers the day after inauguration and that would be january 22nd. newark mayor cory booker is starting his food stamp challenge tomorrow and over the weekend he went out and bought $29.78 worth of food for the week. that is a little bit less than what the average new jersey recipient got from the federal supplemental nutritionist assistance program or snap in 2011. other public official have taken the challenge. i remember reporting it on it years ago. several members of congress have done it. also the mayors of las vegas and phoenix and former utah governor jon huntsman. booker came to the challenge on twitter with a follower who was is asking why it is kids need nutrition in school if they have access to food stamps. that twitter follower is supposed to be taking the challenge alon
businesses would pay the higher number. most small businesses are people selling items out of their basement on e-bay. those that create jobs, they are in the 2% of small businesses. they would pay higher rates that president obama is proposing. it would be a direct hit on job creation. and over and talk about raising tax rates at the top, it is not because we are worried about whether the rich can buy an extra vote. we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spending the truth in july's for their own political gain. -- into lies for their own political gain. we need a solution that is not 25 years away. but i do not know how it is going to be done when the president -- and as far as i can see, he has not even sat down for a talk that lasts more than an hou
, we will see new export opportunities go to foreign businesses and foreign workers. so while i'm pleased that we're considering pntr today, i hope that president obama in his second term will recognize the potential for increased trade opportunities through a more aggressive trade agenda. i look forward to the president signing this legislation into law, and i urge all of my colleagues to vote for the legislation before us when that vote comes up tomorrow at noon. mr. president, i yield the floor. the presiding officer: the senator from illinois. mr. durbin: mr. president, the bill before us, the permanent normal trade relations with russia, is an important piece of legislation to expand trading opportunities. i was thinking as the senator from south dakota spoke of this debate on the floor and twha it was like -- what it was like around the chamber several decades ago when this issue was raised. there was a strong feeling the jackson-vanik provisions would have prohibited trade between the united states and so-called communist countries of their day. there were voices from the
to breaking point with these additional obligations. i do not think that president obama and the people who are advising him really have their finger on the polls of what it will mean for small business owners. that's what concerns me. people like us have been able to cope and still have been able to save and to send our children to college. that is close to going away and this is one of my great concerns. guest: one of the untold parts of the story and sometimes we overlook what is happening in the states. locale raising state and taxes to solve their deficit problems. something to keep in mind when we talk about these detention caps. you could be pushed up against a deduction if you live in new york. if you live in new york and have high state and local taxes, if congress moves forward with a deduction cap, you could go right up to that cap. host: 24% of those were claiming the earned income tax credits. 13% climb in the child tax credit. these credits, you can use them simultaneously. guest: some of these are refundable which means you get money back even if your tax bill is zero. whatev
their own small businesses and their own small farms or ranches. the very least, we should extend the current limits worked out in the 2010 compromise. president obama should not be holding up that commonsense solution just so that he can satisfy his left-base agenda for unrealistically insisting on raising tax rates. the other tax increase that is set to hit american families very hard very soon is the alternative minimum tax. you recall, mr. president, that that a.m.t. tax was created in 1969, and they did that when someone discovered that there were 155 people all across the country, only 155 people who actually had made a lot of money but they didn't pay any taxes on it. and we know why. it was because of various tax loopholes. congress could have done something to close those loopholes, but instead congress created a whole separate tax scheme. then to make matters worse, didn't index the income limits for inflation. so congress comes along every year and acts a patch to keep the tax from hitting the middle class. the problem is it still has done nothing to patch the a.m.t. fo
to you, and the conversations will encompass not just leaders of congress, but business leaders and civic leaders and governors and others who have a stake in the process and the outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt c
thank you for coming over. i know you have a busy, hectic day. we're going to put your statement in the record but we're very pleased you king. this hearing stands adjourned. [inaudible conversations] president obama travels to pennsylvania today to push for an extension of the bush era middle-class taxes. mr. obama is trying to reach a deal with congress to avoid some of the automatic spending cuts and tax increases that take effect in january. live coverage from hatfield pennsylvania at noon eastern on c-span. >> program began under wraps who was one of the advisors to president franklin roosevelt. to document the conditions under which people were living. this was back when we didn't have television. we had radio, but a lot of places didn't have electricity so they couldn't listen to the radio broadcasts to find out what was going on in other parts of the country. striker, who is an economist from columbia university, he was the head of this project, and in 1939 when kodak introduce color film, they said film to roy stryker to have his photographers try out. see what they coul
Search Results 0 to 20 of about 21 (some duplicates have been removed)